One of the primary motives for adding fixed assets to a firm is ________

Star Corporation management has budgeted the following amounts for its next fiscal year:

Total fixed expenses $450,000 Selling price per unit $50 Variable expenses per unit $25 If Star Corporation spends an additional $20,000 on advertising, sales volume should increase by 3,000 units. What effect will this have on operating income? A) Increase of $75,000 B) Increase of $55,000 C) Decrease of $55,000 D) Decrease of $75,000

If a trustee is not elected by creditors, an interim trustee will be appointed by the court

Indicate whether the statement is true or false